QQQ vs TM: Correlation
How closely do Invesco QQQ Trust (QQQ) and Toyota Motor Corporation (TM) trade together? Their weekly returns over three years give a correlation of 0.34, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are QQQ and TM?
On 3 years of weekly data the QQQ/TM correlation comes out at 0.34, moderate. Lately the two have drifted apart, with the 1-year correlation at 0.14 versus 0.34 over 3 years. The 5-year figure is 0.41, and annualized covariance runs at 191.0 %².
Among the 4755 assets we track against QQQ, TM ranks #1150 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 28.7 points (+26.3% versus -2.4%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
QQQ vs TM: side by side
| QQQ (Invesco QQQ Trust) | TM (Toyota Motor Corporation) | |
|---|---|---|
| 1-year return | +26.3% | -2.4% |
| 5-year return | +95.4% | +24.1% |
| Volatility (ann.) | 19.6% | 28.9% |
| Beta vs S&P 500 | 1.28 | 0.83 |
| Max drawdown (3Y) | -22.8% | -34.9% |
| Market cap | – | $227.4B |
| P/E (trailing) | – | 8.7 |
| Dividend yield | 0.44% | 49.52% |
| Expense ratio | 0.18% | – |
| Assets under management | $452.8B | – |
| Sector / category | ETF · US Growth & Tech | US Listed |
QQQ, Invesco's Large Growth fund, carries $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | QQQ | TM |
|---|---|---|
| 2022 | -32.6% | -24.4% |
| 2023 | +54.9% | +38.2% |
| 2024 | +25.6% | +8.9% |
| 2025 | +20.8% | +12.2% |
| 2026 | +17.7% | -10.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are QQQ and TM good diversifiers for each other?
Reasonably. At 0.34, QQQ and TM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between QQQ and TM?
As of 2026-08-27, the correlation of weekly returns between QQQ and TM is 0.34 over 3 years, 0.14 over 1 year and 0.41 over 5 years.
Is TM a good diversifier for QQQ?
Reasonably. At 0.34, QQQ and TM keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 mean?
A reading of 0.34 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/qqq-vs-tm.json
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Related comparisons
Hubs: QQQ correlations · TM correlations
